Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Graphic Packaging Holding (NYSE:GPK). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Graphic Packaging stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
- Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
- Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
- Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
- Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
- Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
- Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 1/29/2025.
- Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.
- Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
- Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
Graphic Packaging Stock Performance
NYSE:GPK opened at $26.73 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.72. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 2.07 and a beta of 0.84. Graphic Packaging Holding has a 1 year low of $23.47 and a 1 year high of $30.70. The stock’s 50 day simple moving average is $27.47 and its two-hundred day simple moving average is $28.57.
Graphic Packaging Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio (DPR) is currently 18.52%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Synergy Asset Management LLC grew its position in shares of Graphic Packaging by 108.6% during the 4th quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock worth $1,810,000 after buying an additional 33,493 shares in the last quarter. Howard Capital Management Group LLC raised its holdings in shares of Graphic Packaging by 1.3% in the 4th quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock valued at $27,734,000 after purchasing an additional 13,175 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after purchasing an additional 787,266 shares during the period. Raymond James & Associates boosted its stake in shares of Graphic Packaging by 23.9% during the third quarter. Raymond James & Associates now owns 707,969 shares of the industrial products company’s stock valued at $20,949,000 after purchasing an additional 136,342 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Graphic Packaging during the fourth quarter valued at approximately $51,642,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CAO Charles D. Lischer sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on GPK shares. Citigroup reissued a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Truist Financial raised their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Robert W. Baird dropped their price objective on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.70.
Get Our Latest Stock Report on Graphic Packaging
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Graphic Packaging Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.
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